Presidents Trump and Lula spoke by phone for over an hour on August 21 amid escalating trade tensions between the two countries. The United States currently levies 25% tariffs on Brazilian imports, which Lula has described as unfounded. These tariffs have fluctuated since 2025, at one point reaching as high as 50% before settling at the current rate. The two leaders had previously met at the White House in May 2026, leading to the creation of a bilateral working group with a 30-day mandate to explore solutions. Negotiations continue as Brazil approaches general elections in October 2026, in a delicate economic context for Brazilian exporters.
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